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Financial Tip of the DayBegin Saving Today!

By Drew Kessler

Saving money isn’t as difficult as you may think. Follow these simple tips, and you’ll see how easy and quick it is to add a few extra bucks to your wallet.



  • Make coffee at home and take it with you
  • Pack your lunch instead of eating out at work
  • Wash your own car
  • Skip a manicure or two
  • Do your own yard work
  • Clip coupons and use them at the grocery store
  • Rent a movie instead of going to a theater
  • End either your cell phone service or your land line
  • Reduce phone plans to the bare essentials
  • Eliminate cell phone overtime charges
  • Use a low-cost calling card for long distance telephone calls
  • Comparison shop for auto insurance, long distance, and Internet service
  • Cancel premium movie channels
  • Cancel memberships in CD or DVD clubs
  • Cancel cable, TiVo, or satellite television completely
  • Refinance your car at a lower interest rate
  • Sell a car because you can car pool or use mass transit
  • Reduce insurance expenses by increasing deductibles or qualifying for discounts (low mileage,vehicle safety, good student, good driver, accident free, multi-vehicle)
  • Use a grocery list to help eliminate impulse purchases
  • Use bonus cards, coupons, and sales flyers
  • Shop more often or exclusively at discount stores
  • Limit yourself to a specific amount of spending money each week
  • Limit yourself to one ATM withdrawal per week
  • Cancel Private Mortgage Insurance (PMI) because you owe less than 80 percent of the appraised value of your home
  • Carefully track your spending
  • Control impulse spending
  • Have each family member write down how he/she can reduce spending and costs

 Drew Kessler is Vice President of Marketing & Communications with the National Foundation for Credit Counseling.

Views expressed are the personal views of the author, and do not represent the views of the National Foundation for Credit Counseling, its employees, its members, or its clients.

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